How to Buy Coinbase Stock
Coinbase Global Inc
Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally.
Coinbase stock last closed at $218.08, up 2.01% from the previous day, and has increased 224.23% in one year. It has overperformed other stocks in the Financial Data & Stock Exchanges industry by 2.08 percentage points. Coinbase stock is currently +369.7% from its 52-week low of $46.43, and -23.07% from its 52-week high of $283.48.
There are currently 242.28M COIN shares outstanding. The market capitalization of COIN is $52.84B. In the past 24 hours, 9.36M COIN shares were traded.
How to Buy Coinbase Stock
Wondering how to invest in Coinbase stock? Here's how.
- Choose where to buy Coinbase stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you determine where to buy Coinbase stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Choose your method of payment and add your information.
- Evaluate Coinbase stock: The Coinbase ticker symbol is COIN. Is Coinbase stock a good investment? Should you buy shares of COIN? How do COIN's underlying business fundamentals look? Do top analysts think Coinbase is a good buy? Why has COIN's stock price moved recently? (Hint: Our stock market research tools can help you figure out if COIN is a good stock to buy).
- Place your COIN buy order: Decide if you will purchase COIN shares at the current market price or use a limit order to purchase COIN shares at a given price.
- Get the latest news on your COIN investment: Create a watchlist to track your new investment in Coinbase stock.
Step 1: Choose where to buy Coinbase stock
You need an online brokerage account in order to access the NASDAQ market and buy COIN shares.
Our recommended brokerage: eToro
We believe that eToro is the best online stock brokerage. eToro gives you:
- Invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
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- Social investing: eToro offers a community of more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of stock by creating an account with eToro now.
Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the best brokerage, you'll need to fill out some personal information so you are able to invest in COIN stock today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to open a new brokerage account.
- Send your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've created your account on the best stock broker app, your next step is to transfer the money for your investment:
Check out this video walkthrough to see the process of transferring funds into your investment account.
Step 4: Evaluate Coinbase stock
After you have chosen the best place to buy Coinbase stock, it's crucial to analyze their stock before you invest, so you truly comprehend the risk and opportunity.
Coinbase shares data
COIN Zen Score
WallStreetZen was built to help everyday investors perform better fundamental analysis.
You can see all of the due diligence checks on COIN's stock page.
What is the fair value of COIN stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge COIN's intrinsic value.
Using relative valuations metrics:
- COIN could be overvalued based on its P/E ratio of 545.2x, relative to Financial Data & Stock Exchanges industry P/E ratio of 88.12x
- COIN could be overvalued based on its P/B ratio of 8.41x, relative to Financial Data & Stock Exchanges industry P/B ratio of 4.52x
- COIN could be overvalued based on its PEG ratio of 12.11x
You can access additional valuation analysis on COIN's stock here.
COIN Financials at a glance
Pros:
- COIN's operating cash flow of $922.95M allows it to safely service it's debt of $3.06B.
- There are more short-term assets than short-term liabilities on the COIN balance sheet.
- COIN profit margin has gone up from -82.2% to 3% in the past year.
- There are more short-term assets than long-term liabilities on the COIN balance sheet.
Cons:
- COIN earnings of $5.80M is not sufficient to cover its interest payments.
- COIN has a relatively high debt to equity ratio of 31.95.
Do analysts think it's a good time to buy COIN stock
Out of 17 Wall Street analysts who give ratings on COIN, the consensus analyst rating on COIN is a Hold
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest COIN Analyst Forecasts
Devin Ryan, a top 1% analyst from JMP Securities maintains COIN with a buy rating and raises their COIN price target from $300.00 to $320.00, on Apr 9, 2024.
Benjamin Budish, a top 6% analyst from Barclays maintains COIN with a strong sell rating and raises their COIN price target from $146.00 to $179.00, on Apr 8, 2024.
Owen Lau, a top 12% analyst from Oppenheimer maintains COIN with a buy rating and raises their COIN price target from $200.00 to $276.00, on Apr 4, 2024.
Kyle Voigt, a bottom 6% analyst from Keefe, Bruyette & Woods maintains COIN with a hold rating and raises their COIN price target from $160.00 to $230.00, on Apr 3, 2024.
Joseph Vafi, a top 8% analyst from Canaccord Genuity reiterates COIN with a strong buy rating and maintains their COIN price target from $240.00 to $240.00, on Mar 28, 2024.
You can dive deeper into what analysts are forecasting on the Coinbase stock forecast page.
COIN Technical Indicators
COIN Growth Metrics
Last year, COIN earnings were $94.75M. Over the past 3 year, COIN's earnings have gone up by -90.73% per year. This was slower than the Financial Data & Stock Exchanges industry average of -2.94%.
Last year, COIN revenue was $3.11B. During the last 4 year, COIN's revenue has gone up by 55.35% per year. This was faster than the Financial Data & Stock Exchanges industry average of 14.35%.
You can analyze COIN's earnings and revenue performance here.
Latest Insiders Trades at COIN
In the past 12 months, executives and large shareholders at COIN have sold more shares than they have bought.
Brian Armstrong, Chairman and CEO of COIN, was the latest COIN insider to sell. They sold $124,554.50 worth of COIN stock on Apr 15, 2024.
Learn more about who owns COIN stock here.
Does COIN stock generate passive income?
No, Coinbase doesn't provide an income stream by paying out dividends.
COIN Social Trading Data
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your COIN buy order
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount, use a limit order.
Press the Open button and your broker will place the order.
If you need more help buying stocks on eToro, click the how to video below:
Step 6: Get the latest news on your COIN investment
Now that you own some shares in COIN, you'll want to stay up-to-date on your new investment.
Add COIN to a watchlist to keep track of your COIN stock.
COIN Feed
How to Buy Stock in Coinbase
To summarize, here are the 6 steps to buy stock in Coinbase:
- Choose where to buy Coinbase stock
- Open your brokerage account
- Deposit money your brokerage account
- Evaluate Coinbase stock
- Place your COIN buy order
- Get the latest news on your COIN investment
If you require a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep tabs on your new investment in Coinbase, get started below.
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